Global Cloud Based Drug Discovery Platforms MarketIndustry Trends and Forecast to 2028
The Cloud Based Drug Discovery Platforms market was evaluated at USD 2.22 Billion in 2022 and is forecasted to reach USD 4.55 Billion by 2028, growing at a CAGR of 10.8% globally.
Cloud computing technology gives customers access to storage, files, software, and servers through internet-connected devices such as computers, smartphones, tablets, and wearables. Cloud computing solution providers store and process data in a location that's separate from end-users. Moreover, cloud computing provides the ability to store and access data and programs over the internet instead of on a hard drive. The usage of cloudbased drug discovery platforms in pharmaceutical and biotechnology firms allows collaboration with scientists and companies around the world. Furthermore, cloud-based drug discovery platforms reduce the risk and accelerate the drug development process by utilizing cost-effective, high-performance computing power and Artificial Intelligence/Machine Learning capabilities on the extensive cloud infrastructure. Additionally, cloud-based platforms assure secure research collaborations between different global teams and simplify data movement from lab equipment to integrate research environments. Cloud-based platforms provide the user with large storage options that aid in optimizing costs and performance.
To recap, the report's writers examined the Cloud Based Drug Discovery Platforms market through several segmentations, followed by an in-depth study of the industry supply and sales channel, including upstream and downstream fundamentals, to help firms efficiently roll out their goods and solutions to the market. This in-depth market analysis employs a variety of technologies to examine data from numerous primary and secondary sources. It can assist investors to find scope and possibilities by providing insight into the market's development potential. The report also goes over each section of the global Cloud Based Drug Discovery Platforms market in detail. The analysts thoroughly researched the market and created key segmentation such as product type, application, and geography. The market share, growth potential, and CAGR of each segment and its sub-segments are also examined. Each market category provides in-depth quantitative and qualitative market perspective information.
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• SCYNEXIS Inc. (the US)
• Medidata (US)
• Certara (US)
• Google (US)
• Cloudpharm
• Amazon Web Services Inc. (US) and other major players.
Among the various end users of cloud-based drug discovery platforms, pharmaceutical vendors are likely to be major stakeholders holding a high value share of the global cloudbased drug discovery platform market. An opportunity analysis of the global market reveals that leading software vendors have already adopted cloud-based drug discovery platforms to facilitate seamless research and development processes. As there is less adoption of these cloud-based platforms in several countries of the MEA, public and private ventures are taking initiatives to invest in the R&D process in this region.
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Cloud Based Drug Discovery Platforms Market
Table of Content:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 4: Cloud-Based Drug Discovery Platforms Market by Type
Chapter 5: Cloud-Based Drug Discovery Platforms Market by Deployment Mode
Chapter 6: Cloud-Based Drug Discovery Platforms Market by End User
Chapter 7: Company Profiles and Competitive Analysis
Chapter 8: Global Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 9: North America Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: Europe Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Asia-Pacific Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: South America Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Cloud-Based Drug Discovery Platforms Market Analysis, Insights and Forecast, 2016-2028
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
The benefits of cloud-based drug discovery platforms are enormous, and this is one of the key factors why it is gaining traction among end-users, in turn enhancing the overall market. Cloud based drug discovery platform adoption trends are swayed by the security and collaborative project management and the ability provided by it to share project information. Moreover, the cloud-based drug discovery platform is flexible to offer endusers to customize it according to their projects.
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The reports also help in understanding the Cloud Based Drug Discovery Platform Market dynamic, and structure by analyzing the market segments and projecting the Cloud Based Drug Discovery Platform Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud Based Drug Discovery Platform Market make the report investor’s guide.
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